MCAN Mortgage (TSE:MKP) Director Purchases 5,900 Shares of Stock

Key Points

• Director Emily Anne Randle purchased 5,900 MCAN Mortgage shares at an average price of C$21.22, representing a total investment of C$125,198 and bringing her holdings to 5,900 shares.
• MCAN Mortgage shares fell 0.6% to C$21.05, near the lower end of their C$20.26–C$26.68 52-week range. The company has a market capitalization of approximately C$861 million and a P/E ratio of 9.98.
• Analysts maintain a “Moderate Buy” consensus rating, with a C$24.67 average price target and one analyst assigning a C$27.00 target. The company most recently reported quarterly EPS of C$0.59 on revenue of C$43.34 million.

MCAN Mortgage Co. (TSE:MKP - Get Free Report) Director Emily Anne Randle bought 5,900 shares of the stock in a transaction dated Thursday, September 24th. The stock was purchased at an average price of C$21.22 per share, with a total value of C$125,198.00. Following the purchase, the director owned 5,900 shares in the company, valued at C$125,198. This trade represents a ∞ increase in their ownership of the stock.

MCAN Mortgage Stock Down 0.6%

MKP stock traded down C$0.13 during midday trading on Friday, hitting C$21.05. The stock had a trading volume of 107,012 shares, compared to its average volume of 66,318. The business has a 50-day moving average of C$22.74 and a two-hundred day moving average of C$23.81. The company has a debt-to-equity ratio of 555.10, a current ratio of 6.22 and a quick ratio of 1.97. The firm has a market cap of C$861.24 million, a price-to-earnings ratio of 9.98 and a beta of 0.81. MCAN Mortgage Co. has a 52-week low of C$20.26 and a 52-week high of C$26.68.

MCAN Mortgage (TSE:MKP - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported C$0.59 EPS for the quarter. The firm had revenue of C$43.34 million for the quarter. MCAN Mortgage had a net margin of 26.55% and a return on equity of 13.08%. As a group, equities research analysts forecast that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$27.00 target price on shares of MCAN Mortgage and gave the stock an "outperform" rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$24.67.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation d/b/a MCAN Financial Group is a public company listed on the Toronto Stock Exchange under the symbol MKP and is a reporting issuer in all provinces and territories in Canada. MCAN also qualifies as a Mortgage Investment Corporation ("MIC") under the Income Tax Act (Canada). MCAN is the largest MIC in Canada and the only federally regulated MIC that issues term deposits eligible for Canada Deposit Insurance Corporation deposit insurance. MCAN's primary objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction, and commercial loans, as well as other types of securities, loans, and real estate investments.

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